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Alterra Mountain changes $200 million add-on term loan OID talk
By Sara Rosenberg
New York, Feb. 8 – Alterra Mountain Co. revised the original issue discount talk on its fungible $200 million add-on term loan B due May 2030 to a range of 99.875 to par from 99.75, according to a market source.
Pricing on the add-on term loan is SOFR+10 basis points CSA plus 375 bps with a 0% floor, in line with existing term loan B pricing.
The add-on term loan has a ticking fee of half the margin for days 46 to 90 and the full margin thereafter.
JPMorgan Chase Bank is the lead on the deal.
Recommitments were scheduled to be due at noon ET on Thursday, the source added.
Proceeds will be used to fund acquisitions and for general corporate purposes.
Alterra is a Denver-based mountain resort and adventure company.
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